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Internet access - Page 2

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Posted: Mon Feb 11th, 2013 04:59

11^th Post

Bob Bowen

Joined:	Wed Apr 11th, 2012
Location:	Bristol, United Kingdom
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You hit the nail on the head Rich. It's the money gamblers inside financial institutions that have created the melt down with unreal bonus incentives. When RBS can pay £300m in fines for the Libor scandal out of their bonus pool and Barclays make a Billion pound profit from tax avoidance schemes sold to wealthy customers and yet the state\society can not care for the old and sick adequately it worries me.

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Posted: Mon Feb 11th, 2013 08:00

12^th Post

Joined:	Sun Apr 1st, 2012
Location:	Carthew, Cornwall, United Kingdom
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Spot on Rich.

Much better said than the way I was saying it.

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Posted: Mon Feb 11th, 2013 12:03

13^th Post

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Location:	Carthew, Cornwall, United Kingdom
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Seems like Australia agrees with me. :-)

http://www.bbc.co.uk/news/business-21406745

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Posted: Wed Feb 13th, 2013 16:43

14^th Post

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Location:	Carthew, Cornwall, United Kingdom
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This explains a lot of things in life ?

http://www.bbc.com/future/story/20130212-why-you-really-hate-cyclists

Not only the hatred of cyclists but..... bankers, and other free loaders.

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Posted: Wed Feb 13th, 2013 16:55

15^th Post

Robert

Joined:	Sun Apr 1st, 2012
Location:	South Lakeland, UK
Posts:	4066
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Censored...

As a UK internet user I am not permitted to see that page.

Am I in China or the UK???

Attachment: Screen Shot 2013-02-13 at 22.54.10.jpg (Downloaded 23 times)

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Posted: Wed Feb 13th, 2013 17:24

16^th Post

Eric

Joined:	Wed Apr 18th, 2012
Location:	United Kingdom
Posts:	4571
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richw wrote:
KenRay wrote:
It's rather amazing to me that everybody wants a free ride and no one wants anyone to make really big money. I have yet to see anyone on welfare provide a job for anyone but the government lacky doling out his money. Who do you think actually creates most of the jobs that exist,the millionaires or the day laborers. I LIKE good ole free running capitalism and am not ashamed of it. I don't think profit is a dirty word and I don't in any manner feel I can dictate how much is enough. I don't hear any great hue and cry about the high remuneration that entertainers,atheletes and artists get yet anyone on Wall Street is fair game.

Actually Ken, I agree with most of what you've said here, I'm a capitalist I believe in wealth creation and have made the point about entertainers and athletes compared with CEOs myself before.

However there needs to some balance, I do not want to return to feudal times where a few people effectively own the rest and I feel that this is where Western society is in danger of heading.

I also believe that wealth is created by companies that do something of value, make something or provide a service of some kind. Companies like Apple, Microsoft, even WalMart would be good examples. Even bankers have a part to play here, by finding ways of funding ventures and providing avenues for investment.

However this is not what Wall Street does any more, they are now playing games with things like 'Derivatives' (a zero sum game where no wealth is created). They have consistently been found to be corrupt with numerous examples of market manipulation and insider trading, and there has been very little comeback. They are really no longer creating wealth, just redistributing what's left, and they are shuffling it away from Joe public into the hands of the ultra wealthy.

Across the break out of the global financial crises the top 1% of the wealthy in the US actually improved the wealth by around 20%, and then the UK and US governments performed large 'bailouts' with Tax payers (future) money (done on huge public debt-most of it not to China but to the same institutions they were 'bailing out'? by injecting cash into some that were failing, henc propping up the debts and assets of those that weren't) and most of that ended up in the same pockets.

The kind of capitalism that I believe in is the same thing most Americans would have understood that to mean in 1950s through to early 90s, the same thing that president Truman believed in and he set up successfully in post war Germany, (a legacy that is still doing well today). It's the same capitalism that the Rockerfellers believed in and for a modern equivalent Bill Gates who is doing some truly wonderful things with his wealth now he's retired from Microsoft. It's about generating wealth and making a worthwhile contribution to your society at the same time. The modern Wall Street mob in my view are closer to successful con men and fraudsters coming up with ever more compex and clever ways of moving money out of your pocket and into theirs but without adding anything to the pool. As a result most folk end up working harder and harder for longer and longer with a lot less to show for it.

For a long time I have wondered what would actually happen if they closed all the financial institution for 6 months...or longer!

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Eric

Posted: Thu Feb 14th, 2013 01:52

17^th Post

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My view on the financial crisis with the banks was that in a truly capitalist society then these banks would have been allowed to 'fail'.
The need to bail them out was driven by some other factor that I cant fathom. It was not about protecting the little man and his investments as in reality the governments dont actually care that much!

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Posted: Thu Feb 14th, 2013 01:57

18^th Post

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Robert wrote:
Censored...

As a UK internet user I am not permitted to see that page.

Am I in China or the UK???

Do you have url for this page ?

I get the same from Spain for some of the UK content. There is no option to purchase the content just this feeble excuse that the content is only available if you live in a different country either in/out of UK.

In the EU this seems to me to be breaking rules allowing free access to markets and content.

I have actually sent in a complaint and recently I was asked to fill in a BBC questionnaire and I complained about content being unavailable.
I wait to see a change of policy.

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Posted: Thu Feb 14th, 2013 02:28

19^th Post

blackfox

Joined:	Wed Apr 11th, 2012
Location:	Flint, North Wales, United Kingdom
Posts:	1251
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its what i noticed last year in poland ,we only had one english t.v channel bbc world news ,but totally unlike bbc news at home .in fact i got more factual current world affairs by watching al jazeera .

my personal view is that t.v and papers for that in the u.k are guided into what they let us know ,and for a long time we have been fed what the government think we should or should not know .in other words a propaganda or crowd control media .shades of george orwell .

hence the smoking ban ,they knew this would close down lots of pubs and working mens clubs ,(meeting places) large industry has been allowed to disappear another meeting place for working class men .they would rather the common populace was sat at home being fed propaganda on state sponsored t.v

just my own point of view but is it far from the truth ,i knew the farmer that organised the fuel protests and his brother personally , i also know for fact that the fuel protests fizzled out because he had a visit from the expression was (men in grey suits ) .the warning whatever it was had the desired effect the protest stopped and he later became a mp before his untimely death .hmmmmmm :readthis:

Posted: Thu Feb 14th, 2013 03:26

20^th Post

Robert

Joined:	Sun Apr 1st, 2012
Location:	South Lakeland, UK
Posts:	4066
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jk wrote:
Robert wrote:
Censored...

As a UK internet user I am not permitted to see that page.

Am I in China or the UK???

Do you have url for this page ?

http://www.bbc.com/future/story/20130212-why-you-really-hate-cyclists

That is the URL which is in the address bar.

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